The hydroponics market is poised for significant growth, driven by the increasing demand for sustainable and efficient agricultural practices. According to Expert Market Research (EMR), the global hydroponics market was valued at approximately USD 8.49 billion in 2024 and is projected to reach around USD 53.00 billion by 2034, growing at a compound annual growth rate (CAGR) of 20.10% during the forecast period of 2025–2034 . This growth is attributed to the rising need for resource-efficient farming solutions, especially in urban areas where arable land is limited. Hydroponic systems offer the advantage of higher yields with reduced water usage and minimal reliance on pesticides, aligning with the global push towards sustainable agriculture.
Technological advancements are also shaping the future of the hydroponics market. The integration of smart farming technologies, such as IoT-enabled monitoring systems and automated nutrient delivery, is enhancing the efficiency and scalability of hydroponic farming. Additionally, the growing consumer preference for fresh, pesticide-free produce is driving the adoption of hydroponic systems in both commercial and residential settings. Government initiatives supporting sustainable farming practices and investments in research and development further bolster the market's growth prospects. As these trends continue, the hydroponics market is expected to play a pivotal role in addressing food security challenges and promoting sustainable agriculture worldwide.